Automotive Equipment Market Size | Global Forecast, Trends & Outlook

Code: MTA5223 Publication Date: Jul 2025

How big is the automotive equipment market?

According to 6Wresearch internal database and industry insights, the automotive equipment market was valued at approximately USD 210.5 billion in 2024 and is projected to reach USD 322.7 billion by 2031. The market is expected to grow at a CAGR of 6.3% during the forecast period.

This growth is driven by the expansion of automotive production, increasing demand for technologically advanced workshop tools, and rising investments in EV infrastructure and diagnostic systems.

Key Growth Factors of the Automotive Equipment Market

  • Rising vehicle production and aftermarket expansion
  • Growing demand for advanced diagnostics and testing tools
  • Increasing adoption of EV-specific repair and service equipment
  • Technological innovations in alignment, lifting, and emission testing systems
  • Expanding automotive service centers and workshops in emerging economies
  • Stricter safety and emission regulations requiring updated servicing tools

Automotive Equipment Market Trends

There is a rising demand for smart garage solutions equipped with AI and IoT-enabled diagnostic tools. Integration of cloud-based platforms for equipment monitoring and inventory management is becoming common. Equipment tailored for electric vehicles, including battery diagnostics and high-voltage insulation testers, is gaining traction. Automation and robotics in workshop tools are reshaping service workflows across developed markets.

Emerging Developments in the Automotive Equipment Market

Recent innovations include augmented reality (AR)-based repair support systems and AI-assisted predictive maintenance tools. Wireless and mobile automotive tools are on the rise for improved convenience. Startups are developing modular workshop equipment for space optimization. Equipment manufacturers are collaborating with OEMs to offer brand-certified service solutions for dealerships and independent workshops alike.

Major Companies in the Automotive Equipment Market

  • Robert Bosch GmbH
  • Snap-on Incorporated
  • Hunter Engineering Company
  • Continental AG
  • Denso Corporation
  • Stanley Black & Decker, Inc.
  • Mahle GmbH
Automotive Equipment Market Size : FAQs
The automotive equipment market is projected to reach USD 322.7 billion by 2031.
The automotive equipment market is expected to grow at a CAGR of 6.3% during upcoming years.
Key types include diagnostic tools, lifting systems, wheel alignment and balancing, emission testers, and tire changers.
Automotive OEM workshops, independent garages, fleet operators, and tire service centers are major contributors to equipment demand.
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